Identify the Point at Which Revenue Would Be Recognised in Each

question 8

Multiple Choice

Identify the point at which revenue would be recognised in each of the following questions:
-At what point would you expect the builder of a football stadium to recognise revenue?

• A) during production
• B) on completion of production
• C) at point of sale or delivery
• D) when cash is received.

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Definitions:

Disaccharide Molecule

A sugar (carbohydrate) composed of two monosaccharides bonded together, example includes sucrose.

Glucose Molecules

Simple sugar molecules that are an important energy source in living organisms and a component of many carbohydrates.

Water Molecule

A compound made up of two hydrogen atoms bonded to one oxygen atom, forming the chemical formula H2O, essential for all known forms of life.

Denaturation

A process in which proteins or nucleic acids lose their native structure and function due to external stress or compounds.